A production power house whose factories fuel the world. But those the countries future lie, indeed industrialization. What would that mean for germanys workers and work places . 2 Big Questions will answer today. Also coming up on the palate, what mid term elections mean for the u. S. Energy transition . Coming on line meet the indonesian farm is finding new ways to sell that project. And rock and bread roll can heavy metal music make a better baking . Welcome to mate t ws business magazine. Now england was the cradle of the Industrial Revolution with the famous spinning jenny enabling the worlds 1st factories. Next came the steam engine, which Power Production lines. And also steam locomotives, Rail Transport was born by 1830 germany was full steam ahead with its own industrialization. By the end of that century, its economy had overtaken englands in many ways. Since the 1950s, germany is being europes Industrial Power house. And that still provides the foundation for jobs, prosperity, and social society. But during the Current Energy crisis is the on wood march of manufacturing coming to a halt. Our 1st report asks if de industrialization is on the cops. Chemical processing plants, the size of a small town with gas and electricity consumption, in billions of kilowatt hours. Germanys economy meets enormous amounts of energy, but its currently in short supply and more expensive than ever got it. Were already seeing significant declines in production, especially in the more Energy Intensive production processes, little zones looking steel mills, heavy industry, mechanical engineering, the end of russian gas supplies is catastrophic for Many Companies, with the way that its going to go to this time means that not everyone can be rescued. Allegory is germanys time as an economic superpower over with entire industries collapse. And what can be done with the keys . She crazes as accelerating a transformation process that was inevitable. Anyway. Its ah, the rapid rising gas and electricity prices has hit the Chemical Industry particularly hard. It is one of the most Energy Intense sectors. With a share of 29 percent. It is the Largest Consumer of energy followed by Metal Production at 22 percent and coking and oil refining with around 10 percent alongside glass paper and food production. The supply contracts for Many Companies are due to expire at the end of the year. The new conditions come as a shock. Darby unto visor explain in some cases extremely high prices are being announced for gas and electricity from dcs. Cost can simply be passed on for products ranging from detergents to pharmaceutical products to adhesive and other items that are ultimately made from chemical precursors. And underneath us, shes will affect the entire chemical production chains if from next year at the latest on this exam her, she should be good at chemical company, b, s f, half of the natural gas. It needs used to come from russia as early as the beginning. Of the 1990 s b a s f both a gas pipeline with the russian state owned company gas prom to its headquarters in looked which often the company also provided Financial Support for the destruction of the jamara pipeline via poland to germany from 2008, the company was involved in the construction of north stream one and so russian gas flowed at particularly cheap rates of dealer. The 1st mistake was dependence on russia and increasing that dependent even after the annexation of crimea. Thats why the 2nd big mistake is that we were too slow on the expansion of Renewable Energy. The technologies have been available for 10 years yet and how efficient and inexpensive, but we put the brakes on and now its taking its toll windsor. So its also our fault that the crisis is now so deep that germanys entire economic structure is in danger. Gas is also used to generate electricity in germany. It costs almost 0. 32 per kilowatt hour in germany, while the international average is just 12 Expensive Energy is becoming a problem for export to pendant medium sized companies. With their help, germany is weathered every crisis and done well in the globalized market economy. But without cheap Energy Products become too expensive on the world market. Ready ready ready so whats the way out even though when the Energy Transition and the green transformation are definitely the greatest opportunity to turn this crisis into something positive, they can and should helpless to really become a world leader again as an industrial country engineer, as a country of engineers when it comes to sustainability to a new energy about germany, Companies Must reposition themselves, invest in new technologies and energy efficiency, and promote research and development. Energy networks and infrastructure must also be expanded by the state. Oh, oh, you shall dont. You dont need german in European Companies need to develop a technological advantage by seeing more expensive entities. That is a disadvantage over the next 5 to 10 years instead which the, they should become. So technical logically advanced at that they can more than make up for that se liveing ahead of the curve on Higher Energy costs than he cost be asked it restructuring the economy is the biggest challenge facing germany for the next few years. But time is running out beyond the next few years. Theres another existential threat to all of the worlds economies. Climate change in the estate of West Virginia minus have been extracting coal from the earth over a century, helping to power americas own industrial development. But present day President Joe Biden says fossil fuels can no longer be the engine of success. His policy is aimed at switching the United States to more Sustainable Energy sources are very much on the ballots and upcoming midterm elections as on next report shows. Oh, it is guarded safety glove. Abandoned haul trucks, disused Mining Equipment scattered at a derelict mine, West Virginia cold country has long lost its pre eminent role to day. Even one of the greatest strongholds of the u. S. Fossil fuel industry attracts investment in windmills and solar panels, but with the mid term elections approaching, this change will be on the ballot as a war on fossil fuels. Here in america whole is not competitive anymore because of industry, nor folks can adapt to whatever the market may june. So can West Virginia move away from its called legacy into a green future. And how will the mid term elections influence this transition . Ever since West Virginia became a state in 1863, its economy was solidly based on coal. Its a very rural state. No big cds. Not such big, uni, were cds, nor diversified companies. The coal industry was really the big player in that state. For many, many years in the past they helped a schools financially being built. They offered how a thing to their workers, even as the world strives to move away from fossil fuels, here in West Virginia, coal is still going strong. The industry employs tens of thousands of people. Its the main source of the states electricity. And the 2nd largest contributor to the states g d. P. After the healthcare industry. Always always been a part of was reginas history. Jason bostic has dedicated his career to the cold business. He thinks the industry is here to stay her margin still only were in the world, youre using some level of wash, which under culp thats one reason why cold production is actually increasing. In 202192 1000000 tons of coal were produced up from 70000000 in the year before. And this years output is expected to be even higher. The rest of the world from a continually back to forge steel. An if been out of the renewable slash to learn build al continues life. It is, you know, that where no blades are wash, virginia, coal. But as strong as the coal industry might be, theres a general push towards Renewable Energy in the upcoming mid term elections. That push will be on the ballot. The mid term elections matter. Nora lula has worked for many years to promote policies in favor of Renewable Energys. Issues like inflation and abortion are likely to play a more Important Role in the mid terms. But if the democrats lose their majority, they are green agenda could also be jeopardized. Climate change is a highly politicized question. On the majority of republican stone, one now at mid debt climate change, us human mate, thats the biggest general fear i would. Half would a republican dominance, their rhetoric about how fossil fuel industry isnt bad, and reducing taxes. And so having less opportunity to support new technologies in the future. Until now, democrats enjoyed a majority in both the house and the senate and could pass an important bill that supports this green transition. Regardless of the republicans opposition. The funding from the inflation bill will go to every state, even states like West Virginia whos representatives opposed this bill can use the money to promote green projects. This former coal mine is a perfect example of that. At 1st glance, it looks quite gloomy. The mind was closed and abandoned in 2015, but its future is more promising. A multi 1000000. 00 project by a private investor will replace the abandoned Mining Equipment with dozens of windmills, the, as a stated and do a good shop to create a diversification in their industry. So many people have been losing their jobs because they were dependent on coal industry. And thats why now this dis shifting out of coal because its not competitive anymore. Its not just wind power, but also solar. This is the largest solar farm in the state, yet it only produces enough energy for a toyota car manufacturing plant. All Renewable Energy combined to cover less than 7 percent of the states net electricity generation. But West Virginia governor jim justice believes this is just a 1st step into a br. Make new future how were diversifying our stay and moving forward in every way. Here hes signing a 500000000. 00 investment deal with Berkshire Hathaway energy. The firm plans on developing an Industrial Park powered with Renewable Energy. The world done. See West Virginia as a place that was maybe backward or poor, dan g or whatever it may be. The world now sees West Virginia as the dominant ross that they moved. Oh, the world maybe. But what to West Virginians make of all the hype about green energy were visiting the Coal Mining Museum in beckley, West Virginia, a small town around 60 miles south east of the states, capital, charleston. The museum is all about the old ways of coal mining. Here we meet my colo a retired coal miner. Is a war on fossil fuels here in america. You know that we got co under our feet. We got natural gas, 100 feet within vega there out. And other countries begun for hes convinced West Virginia is far from seeing the end of coal. The issue will play a central role in the mid terms. Fossil fuels, all thats a big issue. It always is. Every day they want clean air cleaner. Now, every van line, always a big issue, but coal has been on a decades long decline. The role of coal was an Energy Source in the country and the state has changed. So, democrats have used their government majority to support green projects, but if they lose the upcoming mid term elections, this transition could become harder. The biggest downside of that is that with the majority they have, they would try to push and support again more to fossil fuel industry. Remember yet, renewable projects like these in the heart of West Virginia. Cold country show that change is hard to stop. Great change requires great skill or more specifically skilled workers, not just to maintain our new power sources, but also to build them. However, skilled employees are in short supply right now, not just here in europe, but around the world. How can that be and what can be done about it . Well, lets take a look, shall we . What is a skilled worker shortage, lieu of skilled worker shortage is a lack of qualified employees that lasts for an extended period of time. Its estimated that by 2030, theyll be a global shortage of 85000000 skilled workers. When companies lack the necessary skilled employees, their production decreases. That means less revenue and lower profits. People who are highly trained or educated are considered skilled workers. The shortage is especially present in the i t sector, the Service Industry and in skilled trades. It includes engineers, computer scientists, and people who care for the elderly. Helping to wrap presence does not count as Skilled Labor people without degrees, often have fewer chances to enhance their skills and toil away in the low wage sector. Many workers decided to further their education during the corona virus pandemic, and didnt return to their former jobs. After the worst of the pandemic subsided, there also missing on the labor market. Germanys large number of older people on now and during retirement, and there were a few, a younger people starting their professional lives. Reforming e u policies on Asylum Seekers could soften the crisis. But the International Competition for skilled workers is intense. There are lots of ideas about how to reduce the Skilled Labor shortage. They include raising the retirement age, increasing the work week to 42 hours and making it easier to combine work with having a family. But no one knows of these changes, would motivate people to take the jobs on offer. One thing is certain, there may be a lack of workers, but theres no lack of work to be done. Next to a bit of indonesian innovation, the countrys Agricultural Sector is slowly adopting new technology. But manual work is still the order of the day. However, one young entrepreneur has developed a modern way to help farmers find buyers for that produce. He has hundreds of agricultural clients on board using the internet to connect them with consumers, supermarkets, hotels, and elsewhere. His, his story sect not upon agriculture, will only become redundant when human life ceases to exist on shamela mika puddnhead. But fanny, this with her face, farmers are already good at cultivation, but theyre not crated marketing. But i so i try to take over that role. I tried to be a representative for them yet. I also buy their produce with the quality terms we specified adding, and i give them a better price than theyd normally receive. Yeah, so thats what were doing. Were trying to cut the market chain when we went out from the farm straight to the consumers could, wouldnt he get perhaps to consume in . Sandy started his business at the age of just 21. He began by selling his fathers agricultural product through an Online Platform plot. I am and again for many people believed it wasnt a good idea. And again, she told me it wouldnt plead anywhere. You are bundling and young could identify. They say, are you sure you want to be a farmer at that time . People believe that agriculture was not a very lucrative sceptre neatly. And the last act that i am could i went off in the meantime. Sandy has also opened his own supermarkets, where he sells the farmers products directly. Yang at the man the man. What you see now is the place where my parents used to live and where i come from among. I grew up in a farmers family. Well, i guess i yes maam. Oh, that is the funny. But messiah my father was always supportive. He always encouraged would ever i did. I am a lanka. But he passed away in 2017 and a legal and i me, i need to add him into blessed. The my now told me that god will never give a problem beyond the capacity of his people and said to myself, a needle and medic, up us as a latin. I could just do that at last. Malia i am, you are shot because his father had wanted him to become the teacher. Yeah. That sandys wish was not in line with his father, a young man. He wanted to become the businessman. Oh yeah. But of his woke. Yes. He did, but if i attend to his little antipathy, i s i l. The companies that i founded are digitally integrated yesterday, but i did, i see them, were not gonna fit. We take advantage of all the Information Technology that is currently out there in order to be more productive and deficient a month to month on the product. If beneficiary. Ready i cannot find them as i will keep her. My name is raquel fall, and i had the to ruin. I asked her of farmers group. I come up in the war room condo hang district to land her sandy train. Me. Huh. And finally, the farmer app is very helpful. A bit better by monday, but to be honest, on monday, the 1st time i used it, i was overwhelmed because it was a bit confusing. But thank god, there was a field assistant and sandy. You helped me with money, ultimately, i understood how it works and it became easier to use. And im happy to gain new knowledge and